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6:28 AM
Crude oil fell for a fifth day on the NYMEX, to the lowest price in almost eight months on signs of an economic slowdown in the U.S. and China.
China’s purchasing managers’ index for non-manufacturing industries fell to the lowest level in a year, the National Bureau of Statistics and China Federation of Logistics and Purchasing said in Beijing.
Oil for July delivery lost 2.02 dollars to 81.21 dollars a barrel in electronic trading on the NYMEX.
Brent futures for July settlement slipped 2.3 percent to 96.20 dollars a barrel, on the ICE Futures Europe exchange in London.
Labels: oil
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